Cordy Oilfield Services Inc.
TSX VENTURE : CKK

Cordy Oilfield Services Inc.

August 14, 2014 14:07 ET

Cordy Announces Grant of Stock Options

CALGARY, ALBERTA--(Marketwired - Aug. 14, 2014) - Cordy Oilfield Services Inc. ("Cordy" or the "Corporation") (TSX VENTURE:CKK) is pleased to announce that, subject to regulatory approval, it has granted an aggregate of 3,800,000 options to purchase common shares of the Corporation ("Options") to directors, officers and employees, in accordance with Cordy's stock option plan. The Options expire 5 years from the date of grant and have an exercise price of $0.18. One-third of the Options will vest every 12 months for a period of 3 years.

Cordy has determined that the exemptions from the various requirements of the TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 are available for the issuance of the Options to the directors and officers of Cordy (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than 25% of Market Capitalization).

Additional information on Cordy is available on our website www.cordy.ca or on SEDAR at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • For general information:
    Cordy Oilfield Services Inc.
    David Mullen, Chairman and Chief Executive Officer
    (403) 266-2067
    (403) 266-2087 (FAX)
    david.mullen@cordy.ca

    For investor relations information:
    Cordy Oilfield Services Inc.
    Dave Boomer, CA, Chief Financial Officer
    (403) 266-2067
    (403) 266-2087 (FAX)
    dave.boomer@cordy.ca
    www.cordy.ca